Ashok Leyland inks MOU with Himachal Gramin Bank

By: Motown India Bureau

Nov 08 2010

Ashok Leyland Limited (ALL) and Himachal Gramin Bank (HGB) executed a Memorandum of Understanding (MOU) on in Mandi, HP, which offers ALL’s customers very attractive terms for financing commercial vehicles.

“ALL’s competitively priced, state-of-the art product range designed to suit specific applications, provides our customers a winning solution to their transportation needs; Coupled with such a product, when we are able to offer a viable funding option from HGL, the customer is on a win-win situation, stated Srinivasan Anand, Head – Sales Financing of AL.

HGB’s attractive terms, liberal funding quantum, passion for financing SMEs and above all, their excellent network in HP has proved to be a boon to our customers,” stated R.K. Chadha, Regional Manager of AL.

In view of their funding capability, excellent terms and transparent method of dealing, ALL has tied up with a host of PSBs; As of to-day, HGB, headquartered in Mandi, HP, with a network of 123 Branches, becomes one of ALL’s Accredited Bankers and is fully geared to serve the financial requirements of ALL’s customers.

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